Outlook

The Management Board expects a significant increase in output volume to approximately € 21 billion in the 2025 financial year. This forecast is based on the high order backlog and on the expected contributions from recent acquisitions. An increase in output volume is forecast for all operating segments in 2025.

While several positive earnings effects coincided in 2024, the EBIT margin is expected to normalise again in 2025. In light of the first tangible effects of the Group Strategy, the Management Board is raising the EBIT margin target for 2025 to ≥ 4.5%.

Net investments (cash flow from investing activities) are not expected to exceed € 1,100 million in 2025. The increase compared to the previous year is mainly due to planned acquisitions as part of STRABAG’s Strategy 2030.